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The Managers of Lehman Brothers, Whose Bankruptcy Helped Propel the 2008-2009

Question 1

Multiple Choice

The managers of Lehman Brothers, whose bankruptcy helped propel the 2008-2009 financial crisis, used loopholes in U.K.law to hide billions of dollars of worthless assets in its balance sheet to disguise its poor financial condition.Which of the following approaches to how to be socially responsible is illustrated from this example?


A) accommodative
B) proactive
C) defensive
D) obstructionist
E) obligatory

Correct Answer:

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